Indian Oil Corporation

Indian Oil Corporation Limited
Company typePublic
ISININE242A01010
IndustryEnergy: Oil and gas
Predecessor
  • Indian Refineries Ltd. (1958)
  • Indian Oil Corporation (1959)
Founded30 June 1959; 65 years ago (30 June 1959)
Headquarters
Area served
India, Sri Lanka, Middle East, Mauritius
Key people
Arvindar Singh Sahney,Chairman
Products
RevenueIncrease ₹885,078 crore (US$110 billion) (2024)[1]
Increase ₹57,288 crore (US$6.9 billion) (2024)[1]
Increase ₹43,161 crore (US$5.2 billion) (2024)[1]
Total assetsIncrease ₹482,362 crore (US$58 billion) (2024)[1]
Total equityIncrease ₹188,163 crore (US$23 billion) (2024)[1]
OwnerGovernment of India[2]
Number of employees
30,439 (2024)[1]
Divisions
Subsidiaries
Websitewww.iocl.com Edit this at Wikidata

Indian Oil Corporation Limited (IOCL or IOC), trading as Indian Oil, is an Indian multinational[3][4] oil and gas company under the ownership of Government of India and administrative control of the Ministry of Petroleum and Natural Gas. It is a public sector undertaking which is registered in Mumbai but headquartered in New Delhi.[5] It is the largest government-owned oil producer[6] in the country both in terms of capacity and revenue. It has consolidated refining capacity of 80.55MMTPA.[7]

Indian Oil's business interests overlap the entire hydrocarbon value chain, including refining, Pipeline, marketing of petroleum products, exploration and production of Petroleum, natural gas and petrochemicals.[8] Indian Oil has ventured into renewable energy and globalisation of downstream operations. It has subsidiaries in Sri Lanka (Lanka IOC),[9] Mauritius (IndianOil (Mauritius) Ltd),[10] and the Middle East (IOC Middle East FZE).[11]

Indian Oil is ranked 94th on the Fortune Global 500 list of the world's biggest corporations as of 2022.[12] As of 31 March 2021, Indian Oil has 31,648 employees, out of which 17,762 are executives and 13,876 non-executives, while 2,776 are women.[13][14][15]

  1. ^ a b c d e f "Indian Oil Corporation Ltd. Financial Statements" (PDF). bseindia.com. Retrieved 30 April 2024.
  2. ^ "Latest Shareholding Pattern - Indian Oil Corporation Ltd". trendlyne.com. Archived from the original on 13 August 2021. Retrieved 13 August 2021.
  3. ^ "Indian Oil Corporation completes second round of investment in Phinergy, bringing its holding in the company to 17%". PR Newswire (Press release). TEL AVIV, Israel, Feb. 14, 2024 /PRNewswire/ -- Phinergy (TASE: PNRG) - which develops metal-air technology that produces electricity by combining oxygen from the air with metals - is delighted to announce that multinational energy giant, Indian Oil Corporation, has completed its second round of investment in the company in the amount of $12.5 million.
  4. ^ "Indian Oil Corporation Ltd - Company Profile and Products". Metoree. Indian Oil Corporation Ltd (IOCL), established in 1959 and headquartered in New Delhi, India, is a multinational that explores and produces petroleum products and is also a manufacturer of petrochemicals.
  5. ^ Annual report 2017-2018 (PDF). Mumbai: Indian Oil Corporation. Archived (PDF) from the original on 18 October 2016. Retrieved 11 October 2018.
  6. ^ Lee, Mordecai; Neeley, Grant; Stewart, Kendra B. (20 July 2021). The practice of government public relations. Routledge. ISBN 978-1-000-39496-2. OCLC 1263816753. Archived from the original on 8 May 2022. Retrieved 8 May 2022.
  7. ^ "India plans 77% rise in refining capacity by 2030".
  8. ^ "IOC stock page". Reuters. Retrieved 17 September 2017.
  9. ^ "IndianOil Corporation | Lanka IOC PLC". www.iocl.com. Archived from the original on 16 September 2017. Retrieved 17 September 2017.
  10. ^ "IndianOil Corporation | IndianOil (Mauritius) Ltd". www.iocl.com. Archived from the original on 16 September 2017. Retrieved 17 September 2017.
  11. ^ "IndianOil Corporation | Group Companies". www.iocl.com. Archived from the original on 16 September 2017. Retrieved 17 September 2017.
  12. ^ "Fortune Global 500 list". Archived from the original on 7 August 2019. Retrieved 10 August 2021.
  13. ^ Annual Report 2020-21. "Financial Performance : Oil and Energy News". iocl.com. Archived from the original on 3 September 2021. Retrieved 3 September 2021.{{cite web}}: CS1 maint: numeric names: authors list (link)
  14. ^ "Indian Oil Corporation Ltd Management Discussions". IIFL Securities. Archived from the original on 13 June 2021. Retrieved 27 May 2021.
  15. ^ "Annual Report 2019-20" (PDF). IOC - official website. Indian oil corporation. Archived (PDF) from the original on 13 June 2021. Retrieved 27 May 2021.